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| Anyone else starting to cringe at the efforts trying to raise money coming from the Bulls?
They're clearly not going to raise 500K for next week. I've read comments on Facebook & Twitter, and I get the impression that apart from a few at each other club, most fans, including Bulls fans, don't care if they go under.
The whole saga reminds me of a drug addict desperately begging & pleading for money to pay for another quick fix, but ultimately it will all end in a sad pitiful death.
I'll be there next week...a fiver a ticket well spent  |
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How do you value the shares in a failing business with little in the way of saleable assets and a shedload of liabilities?
For the Bulls to move forward out of this, someone is going to have to buy out their majority shareholder. As we all know from experience, he's not a man given to sensible negotiation.
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Quote ="Andy Gilder"How do you value the shares in a failing business with little in the way of saleable assets and a shedload of liabilities?
For the Bulls to move forward out of this, someone is going to have to buy out their majority shareholder. As we all know from experience, he's not a man given to sensible negotiation.'"
The whole thing is pure madness and the Bulls fans and many of other good people are being suckered in! We have Leon Price putting his Grand Final ring up for auction & we have own coach selling his CC jersey from 2000!
It seems, unfortunately, that advice from the majority or Wakey fans and many other throughout the game, has fallen on deaf ears!
Bullbuilder has decided to support the clubs fund raising efforts and prop-up the existing BOD at the Bulls - www.bullbuilder.co.uk/NewsItem.a ... e0a72661fa
I can't help but think they are making a huge mistake and delaying the inevitable!
I also think, as a neutral who inadvertently had a front row seat when Trinity went through this, I think they are kidding themselves with statements like this "given that the club’s position is unique and not directly comparable to other recent administrations, such as that from which Wakefield emerged last season."
Let me tell you something, it is almost exactly the same and most of you guys know it! The only difference is the owe the tax man even more money than Wakefield!
I for one think they and other fans and clubs supporting this, are potentially making a huge error that they are likely to regret this in the too distant future. I genuinely hope they don't and I personally would be delighted to be proved wrong!
I wish the Bulls and their fans all the best... but equally, sorry guys... I am out! |
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Quote ="Andy Gilder"How do you value the shares in a failing business with little in the way of saleable assets and a shedload of liabilities?
For the Bulls to move forward out of this, someone is going to have to buy out their majority shareholder. As we all know from experience, he's not a man given to sensible negotiation.'"
The whole thing is pure madness and the Bulls fans and many of other good people are being suckered in! We have Leon Price putting his Grand Final ring up for auction & we have own coach selling his CC jersey from 2000!
It seems, unfortunately, that advice from the majority or Wakey fans and many other throughout the game, has fallen on deaf ears!
Bullbuilder has decided to support the clubs fund raising efforts and prop-up the existing BOD at the Bulls - www.bullbuilder.co.uk/NewsItem.a ... e0a72661fa
I can't help but think they are making a huge mistake and delaying the inevitable!
I also think, as a neutral who inadvertently had a front row seat when Trinity went through this, I think they are kidding themselves with statements like this "given that the club’s position is unique and not directly comparable to other recent administrations, such as that from which Wakefield emerged last season."
Let me tell you something, it is almost exactly the same and most of you guys know it! The only difference is the owe the tax man even more money than Wakefield!
I for one think they and other fans and clubs supporting this, are potentially making a huge error that they are likely to regret this in the too distant future. I genuinely hope they don't and I personally would be delighted to be proved wrong!
I wish the Bulls and their fans all the best... but equally, sorry guys... I am out! | |
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Just had a thought... What if this is the biggest April Fool of all time?
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| Quote ="John_D"Just had a thought... What if this is the biggest April Fool of all time?'"
If it is, it's about as well timed as a Paul Sykes crash ball... |
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It has occurred to me to wonder whether, should they get this £500k in pledges and pocket it, and the club still be afloat afterwards, will anybody actually check that they really needed £500k?
Am I being too cynical now?
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| Quote ="El Diablo"It has occurred to me to wonder whether, should they get this £500k in pledges and pocket it, and the club still be afloat afterwards, will anybody actually check that they really needed £500k?
Am I being too cynical now?'"
Well the accounts will become a matter of public record at Companies House, so it wouldn't be too hard to see where it had gone. |
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| Quote ="Andy Gilder"If it is, it's about as well timed as a Paul Sykes crash ball...'"
It's one hell of a build-up anyway. I await the punchline with interest. |
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| Quote ="John_D"It's one hell of a build-up anyway. I await the punchline with interest.'"
Prepare yourself - I suspect it may be more "Miranda" than "Family Guy" when it finally arrives. |
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| Quote ="Andy Gilder"Prepare yourself - I suspect it may be more "Miranda" than "Family Guy" when it finally arrives.'"
A Family Guy one would be amazing. Peter Hood fighting a giant chicken for no apparent reason... |
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| Quote ="John_D"A Family Guy one would be amazing. Peter Hood fighting a giant chicken for no apparent reason...'"
For no apparent reason, or over another proposed move to Valley Parade? |
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| Quote ="El Diablo"
For no apparent reason, or over another proposed move to Valley Parade?'"
If they sold tickets for it, the debt would be gone like that *clicks fingers* |
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| Quote ="BrisbaneRhino"AH - the past is the past. Just because the Bulls did it to Leeds (or anyone else) in the past doesn't make it right for others to do the same. That's a playground excuse for bad behaviour.'"
What ?
In the same way that Bradford's current plight has been blamed purely at the door of Leeds' correct legal judgement regarding Harris and the subsequent bitterness that has generated ?
When it comes the playground tactics, I didn't start it ... |
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| Quote ="Norman Stanley Fletcher"Is anyone started think that this whole ' we're on the brink ' that the Bradford club are spinning could be nothing more than a publicity stunt? I really can't see the club going out of business in just over 10 days time if they don't raise the money. After the news broke yesterday morning the Bradford Bulls brand have been in everything except a $hit sandwich! They get lots of free publicity, guarrenteed big attendances at their next few games and the big one is that they are not asking people to give money straight away, only to pledge that they would. I'm beginning to smell a rat.'"
You know Fletcher, you may have a point. I remember a certain aircraft restoration society beloved of one of our brethren that announced it desperately needed funds double quick time, creating a big public response, before a still anonymous donor stumped up the entire dough at the 11th hour.
People questioned then if the aircraft ever was at risk or whether the whole thing was designed to increase cashflow. . |
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| Cheers tillIdie and it's MR Fletcher to you! |
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Well it's reported they have 155k so far.
I don't see them raising the amount needed. 500k is only the halfway point, and that's needed by the 6th april, so even if they manage to get that, they then have another battled to get the rest. If they get close would the RFL stump up the rest?
If they don't, they then go into administration, get a points deduction, and their best players get snapped up by rival clubs???
We'll be like a pack of hyenas over the rotting carcass. It's won't be pretty, it be real sad to see a club get raped like that.
The reality of the situation is sinking in.
Not just any club, but a club that we've had so many tremendous tussels with over the years, a club that beaten us in the CC and grand final. Sure at the time in the moment, you hate getting beaten, but that's what makes sport, fierce competition and rivalry.
I hope bradford can come out of this and not just survive, but be a strong club again.
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| Quote ="Wilbred T Pricklepop"
We'll be like a pack of hyenas over the rotting carcass. It's won't be pretty, it be real sad to see a club get raped like that.
The reality of the situation is sinking in.
Not just any club, but a club that we've had so many tremendous tussels with over the years, a club that beaten us in the CC and grand final. Sure at the time in the moment, you hate getting beaten, but that's what makes sport, fierce competition and rivalry.
I hope bradford can come out of this and not just survive, but be a strong club again.'"
Problem is (as other people have already said), who would you want from the Bulls team?
I agree with you that we need a strong Bradford and look enviously across the pennines at all the mouth-watering derby matches they're still enjoying. |
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If they don't raise the full £500K and fall short, will they hand back the amount they finish on back to the donaters?
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If the money is only being pledged rather than being donated at this point there shouldn't be any cheques to hand back.
If they get a good response (not neccessarily all of the £500K by the tight deadline) I expect they'll then start to ask for the money to follow the pledge and coninue to fund raise to try and at least see the season out.
TVOC - VTTS usually report around 80% of the pledges they initially receive turn into hard cash.
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| Quote ="thebloodbath"If they don't raise the full £500K and fall short, will they hand back the amount they finish on back to the donaters?'"
I think they don't actually take it unless they hit 500k , it is just pledges at the moment |
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| Quote ="flipper"I think they don't actually take it unless they hit 500k , it is just pledges at the moment'"
Which is another problem!
What's to say that people will actually follow through and pay up?!
Not as many people bought season tickets as pledged to that! |
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True dat.
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| Quote ="West Cumbrian Rhino"Which is another problem!
What's to say that people will actually follow through and pay up?!
Not as many people bought season tickets as pledged to that!'"
I heard stories of several Bulls fans who pledged a dozen or so times each, just so they achieved enough pledges to ensure a cheap season ticket. |
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| Quote ="West Cumbrian Rhino"Which is another problem!
What's to say that people will actually follow through and pay up?!
Not as many people bought season tickets as pledged to that!'"
True people get caught up in the moment and pledge more than they can afford.
Easy to say ill give you 200 quid. But when time comes
To hand it over there are much better things to spend money on |
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